E-commerce Giant Flipkart Adds Google as Minority Investor
Flipkart, the prominent e-commerce company, announced on Friday that it will be incorporating internet giant Google as a minority investor. The move forms part of Flipkart’s latest funding round led by Walmart and is subject to regulatory approvals.
Hindalco Reports 32% Jump in Quarterly Profit
Hindalco, the flagship company of the Aditya Birla Group, reported a significant 32% year-on-year increase in its consolidated net profit for the quarter ended in March. The company attributed the growth to strong margins and volumes across its aluminium and copper businesses.
Pune Police Investigate Framing of Family Driver in Porsche Accident
The Pune Police have confirmed that an attempt was made to frame a family driver in the case of a Porsche car accident that occurred in the city last week. Two IT professionals tragically lost their lives in the incident, which initially pointed to a teenage driver being under the influence of alcohol.
MEA Issues Notice to JD(S) MP in Harassment Case
The Ministry of External Affairs (MEA) issued a show cause notice to JD(S) Karnataka MP Prajwal Revanna in connection with a sexual harassment case. The move comes after Revanna faced allegations of misconduct.
India’s Crude Oil Imports Rise, Net Import Bill Increases
India’s crude oil imports witnessed a 7% year-on-year increase in April 2024, resulting in a net import bill of $12.3 billion for oil and gas. This represented a rise compared to the $10.1 billion spent during the corresponding period last year.
Changes to S&P BSE Sensex Index Announced
The S&P BSE announced that it will be including Adani Ports and Special Economic Zones (SEZ) in the Sensex index from June 24, 2024. This move will see Wipro being dropped from the index on the same day.
Dombivali Boiler Blast: Key Suspect Detained
The Thane Police detained Malti Pradeep Mehta, one of the owners of Amudan Chemicals Private Limited, in connection with the Dombivali boiler blast that claimed 11 lives on Thursday. Mehta had been absconding after the incident.
kejriwal’s Personal Secretary Sent to Judicial Custody
A Delhi court sent Bibhav Kumar, the personal secretary of Delhi Chief Minister Arvind Kejriwal, to four-day judicial custody on Friday. Kumar is accused of misbehaving with AAP MP Swati Maliwal at Kejriwal’s residence on May 13.
